A new report from Research & Markets forecasts that the big data and data analytics industry will continue to grow with increased use from the Department of Homeland Security, public safety organizations and intelligence agencies.

The “Big Data & Data Analytics, Homeland Security & Public Safety: Global Market 2017-2022” report predicts that the big data and data analytics industry will reach $11 billion in revenue by 2022. The report forecasts a seven-year compound annual growth rate of 17.5 percent from 2015 to 2022, according to Business Wire.

With an increasingly digital world, the use of big data within the public safety and intelligence spheres has been on the rise, creating opportunities for industry growth. From data collection and storage to intelligence processing, exploitation, dissemination and analysis.

The coming year in the federal contracting market highlights an interesting tension between the opportunities that new technology and big data bring, and the challenges of budget uncertainty and industry consolidation.

Big data and cybersecurity are fundamentally changing the way both agencies and contractors do business.

The landscape is further complicated by agency use of Lowest Priced Technically Acceptable awards and unprecedented merger and acquisition activity.

Cybersecurity spending will continue to climb, but in other areas, Govini predicts continued downward pressure on pure services businesses. [Editor’s Note: Govini is a business intelligence firm that provides a database of government spending and proprietary analytics to companies that sell to the public sector.]

The Small Business Administration is trying to figure out where big data meets small business.

While large businesses have been using large volumes of data to make better business decisions, “with greater access and availability of cost-effective technology, small businesses are doing the same,” according to a recent solicitation for research.

For instance, small businesses and retailers can use online transaction history, analyzed in aggregate, to make decisions about sales and marketing programs, better understand customer behavior and predict the number of staffers they’ll need, according to SBA.